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Question 1 of 5
1. Question
1 pointsThe liabilities of the Union government include which of the following?
1. Loans taken for the recapitalisation of banks
2. Borrowings by PSUs
3. Capital expenditures of various Ministries.
Select the correct answer using the codes given belowCorrect
1 and 2 are correct.
In addition to the borrowings by PSUs, the actual liabilities of the government would include loans taken for the recapitalisation of banks.
Capital expenditure creates assets for the government and causes reduction in liabilities for the government.Incorrect
1 and 2 are correct.
In addition to the borrowings by PSUs, the actual liabilities of the government would include loans taken for the recapitalisation of banks.
Capital expenditure creates assets for the government and causes reduction in liabilities for the government. -
Question 2 of 5
2. Question
1 pointsPrinting currency is not considered a good means of deficit financing due to which of the following reasons?
1. It increases inflation proportionally.
2. It decreases aggregate demands.
3. Decreases flow of money in the economy.
Select the correct answer using the codes given belowCorrect
Only 1 is correct.
Deficit financing
● The act/process of financing/supporting a deficit budget by a government is deficit financing. It is done by external or internal burrowing or by printing currency.
● Printing Currency is the last resort for the government in managing its deficit.
Printing fresh currencies does have other damaging effects on the economy:
● It increases inflation proportionally. (India regularly went for it since the early 1970s and usually had to bear double digit inflations).
● Printing new currency notes Increases flow of money in the economy.
● Since deficit financing raises aggregate expenditure and, hence, increases aggregate demand, the danger of inflation looms large.Incorrect
Only 1 is correct.
Deficit financing
● The act/process of financing/supporting a deficit budget by a government is deficit financing. It is done by external or internal burrowing or by printing currency.
● Printing Currency is the last resort for the government in managing its deficit.
Printing fresh currencies does have other damaging effects on the economy:
● It increases inflation proportionally. (India regularly went for it since the early 1970s and usually had to bear double digit inflations).
● Printing new currency notes Increases flow of money in the economy.
● Since deficit financing raises aggregate expenditure and, hence, increases aggregate demand, the danger of inflation looms large. -
Question 3 of 5
3. Question
1 pointsConsider the following statements given below
1. Ennore Creek is situated along the Malabar Coast.
2. The creek is part of the Pulicat water system.
Which of the above statements is/are correct?Correct
Statement 1 is incorrect.
Ennore Creek in Chennai, situated along the Coromandel Coast, serves as a crucial buffer for the aquifers of the Araniyar-Kosasthalaiyar Basin, protecting them from the sea. Positioned in the floodplains of three rivers on a disaster-prone coastline, Chennai relies on wetlands like Ennore Creek as natural shock absorbers during calamities.
The creek is part of the Pulicat water system, including the Pulicat lagoon and the Buckingham Canal.
https://www.thehindu.com/opinion/op-ed/an-oil-spill-in-an-ignored-wetland/article67647693.eceIncorrect
Statement 1 is incorrect.
Ennore Creek in Chennai, situated along the Coromandel Coast, serves as a crucial buffer for the aquifers of the Araniyar-Kosasthalaiyar Basin, protecting them from the sea. Positioned in the floodplains of three rivers on a disaster-prone coastline, Chennai relies on wetlands like Ennore Creek as natural shock absorbers during calamities.
The creek is part of the Pulicat water system, including the Pulicat lagoon and the Buckingham Canal.
https://www.thehindu.com/opinion/op-ed/an-oil-spill-in-an-ignored-wetland/article67647693.ece -
Question 4 of 5
4. Question
1 pointsConsider the following statements.
1. Maitri is India’s Arctic Research Station.
2. India is not allowed to operate its Arctic research bases during winter.
How many of the above statements is/are correct?Correct
Both statements are incorrect.
India’s engagement with the Arctic began when it signed the Svalbard Treaty in February 1920 in Paris between Norway, the US, Denmark, France, Italy, Japan, the Netherlands, Great Britain, and Ireland, and the British overseas Dominions and Sweden concerning Spitsbergen. Ever since then, India has been closely monitoring all the developments in the Arctic region.
India has launched its first winter expedition to Himadri, its Arctic Research Station at Ny-Ålesund in the Norwegian archipelago of Svalbard. The station, which was previously operational for about 180 days annually, will now remain operational throughout the year. This move makes India one of the few countries to operate its Arctic research bases during winter.
https://indianexpress.com/article/india/india-arctic-winter-expedition-research-station-himadri-operations-polar-nights-9072650/Incorrect
Both statements are incorrect.
India’s engagement with the Arctic began when it signed the Svalbard Treaty in February 1920 in Paris between Norway, the US, Denmark, France, Italy, Japan, the Netherlands, Great Britain, and Ireland, and the British overseas Dominions and Sweden concerning Spitsbergen. Ever since then, India has been closely monitoring all the developments in the Arctic region.
India has launched its first winter expedition to Himadri, its Arctic Research Station at Ny-Ålesund in the Norwegian archipelago of Svalbard. The station, which was previously operational for about 180 days annually, will now remain operational throughout the year. This move makes India one of the few countries to operate its Arctic research bases during winter.
https://indianexpress.com/article/india/india-arctic-winter-expedition-research-station-himadri-operations-polar-nights-9072650/ -
Question 5 of 5
5. Question
1 pointsConsider the following statements given below
1. Subordinate legislations are laws created by authorities to implement and administer the broader statutes passed by the legislature.
2. The concept of delegated legislation is mentioned in the Indian Constitution.
3. Only Lok Sabha has a Subordinate Legislation Committee, Rajya Sabha does not have it.
How many of the above statements is/are correct?Correct
Only Statement 1 is correct.
The Rajya Sabha’s Subordinate Legislation Committee has criticized the Union government for prolonged delays in framing rules for Acts passed by Parliament.
What are Subordinate Legislations?
Subordinate legislations are laws or regulations created by authorities to implement and administer the broader statutes passed by the legislature. These regulations, also known as delegated or secondary legislation, provide detailed guidelines and procedures necessary for the effective enforcement of primary laws.
Although the concept of delegated legislation was not mentioned specifically in the Indian Constitution it can be understood by interpreting Article 312.Incorrect
Only Statement 1 is correct.
The Rajya Sabha’s Subordinate Legislation Committee has criticized the Union government for prolonged delays in framing rules for Acts passed by Parliament.
What are Subordinate Legislations?
Subordinate legislations are laws or regulations created by authorities to implement and administer the broader statutes passed by the legislature. These regulations, also known as delegated or secondary legislation, provide detailed guidelines and procedures necessary for the effective enforcement of primary laws.
Although the concept of delegated legislation was not mentioned specifically in the Indian Constitution it can be understood by interpreting Article 312.
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